EX-99

Item 77L


New Accounting Pronouncement

In June 2006, the Financial Accounting Standards Board (FASB)
issued Interpretation No. 48, Accounting for Uncertainty in
Income Taxes (the Interpretation).  The Interpretation
prescribes a minimum threshold for financial statement
recognition of the benefit of a tax position taken or expected to
be taken by a filer in the filers tax return.  The Interpretation
will become effective for fiscal years beginning after December
15, 2006 but will also apply to tax positions reflected in the
funds financial statements as of that date. No determination has
been made whether the adoption of the Interpretation will require
the fund to make any adjustments to its net assets or have any
other effect on the funds financial statements.

In September 2006, the FASB issued Statement of Financial
Accounting Standards No. 157, Fair Value Measurements (the
Standard).  The Standard defines fair value, sets out a
framework for measuring fair value and requires additional
disclosures about fair value measurements.  The Standard applies
to fair value measurements already required or permitted by
existing standards.  The Standard is effective for financial
statements issued for fiscal years beginning after November 15,
2007 and interim periods within those fiscal years. Putnam
Management is currently evaluating what impact the adoption of
the Standard will have on the funds financial statements.

EX-99

Report of Independent Registered Public Accounting Firm

The Board of Trustees and Shareholders
Putnam Managed Municipal Income Trust

In planning and performing our audit of the financial statements
of Putnam Managed Municipal Income Trust (the Trust) as of and
for the year ended October 31, 2006, in accordance with the
standards of the Public Company Accounting Oversight Board
(United States), we considered its internal control over
financial reporting, including control activities for
safeguarding securities, as a basis for designing our auditing
procedures for the purpose of expressing our opinion on the
financial statements and to comply with the requirements of Form
N-SAR, but not for the purpose of expressing an opinion on the
effectiveness of the Trusts internal control over financial
reporting. Accordingly, we express no such opinion.

The management of the Trust is responsible for establishing and
maintaining effective internal control over financial reporting.
In fulfilling this responsibility, estimates and judgments by
management are required to assess the expected benefits and
related costs of controls. A companys internal control over
financial reporting is a process designed to provide reasonable
assurance regarding the reliability of financial reporting and
the preparation of financial statements for external purposes in
accordance with U.S. generally accepted accounting principles.
Such internal control includes policies and procedures that
provide reasonable assurance regarding prevention or timely
detection of unauthorized acquisition, use or disposition of a
companys assets that could have a material effect on the
financial statements.

Because of its inherent limitations, internal control over
financial reporting may not prevent or detect misstatements.
Also, projections of any evaluation of effectiveness to future
periods are subject to the risk that controls may become
inadequate because of changes in conditions, or that the degree
of compliance with the policies or procedures may deteriorate.

A control deficiency exists when the design or operation of a
control does not allow management or employees, in the normal
course of performing their assigned functions, to prevent or
detect misstatements on a timely basis. A significant deficiency
is a control deficiency, or combination of control deficiencies,
that adversely affects the companys ability to initiate,
authorize, record, process or report external financial data
reliably in accordance with U.S. generally accepted accounting
principles such that there is more than a remote likelihood that
a misstatement of the companys annual or interim financial
statements that is more than inconsequential will not be
prevented or detected. A material weakness is a significant
deficiency, or combination of significant deficiencies, that
results in more than a remote likelihood that a material
misstatement of the annual or interim financial statements will
not be prevented or detected.

Our consideration of the Trusts internal control over financial
reporting was for the limited purpose described in the first
paragraph and would not necessarily disclose all deficiencies in
internal control that might be significant deficiencies or
material weaknesses under standards established by the Public
Company Accounting Oversight Board (United States). However, we
noted no deficiencies in the Trusts internal control over
financial reporting and its operation, including controls for
safeguarding securities, that we consider to be a material
weakness as defined above as of October 31, 2006.

This report is intended solely for the information and use of
management and the Board of Trustees of Putnam Managed Municipal
Income Trust, and the Securities and Exchange Commission and is
not intended to be and should not be used by anyone other than
these specified parties.

							/s/ KPMG LLP

Boston, Massachusetts
December 8, 2006

EX-99

Item 85B

Additional Information About Errors and Omissions Policy

While no claims with respect to the Registrant/Series were filed
under such policy during the period, requests under such policy
for reimbursement of legal expenses and costs arising out of
claims of market timing activity in the Putnam Funds have been
submitted by the investment manager of the Registrant/Series.

EX-99

77E
Regulatory matters and litigation

Putnam Management has entered into agreements with the Securities and
Exchange Commission and the Massachusetts Securities Division settling
charges connected with excessive short-term trading by Putnam employees and,
in the case of the charges brought by the Massachusetts Securities Division,
by participants in some Putnam-administered 401(k) plans.  Pursuant to these
settlement agreements, Putnam Management will pay a total of $193.5 million
in penalties and restitution, with $153.5 million being paid to certain open-
end funds and their shareholders. The amount will be allocated to
shareholders and funds pursuant to a plan developed by an independent
consultant, and will be paid following approval of the plan by the SEC and
the Massachusetts Securities Division.

The Securities and Exchange Commissions and Massachusetts Securities
Divisions allegations and related matters also serve as the general basis for
numerous lawsuits, including purported class action lawsuits filed against
Putnam Management and certain related parties, including certain Putnam
funds.  Putnam Management will bear any costs incurred by Putnam funds in
connection with these lawsuits.  Putnam Management believes that the
likelihood that the pending private lawsuits and purported class action
lawsuits will have a material adverse financial impact on the fund is remote,
and the pending actions are not likely to materially affect its ability to
provide investment management services to its clients, including the Putnam
funds.

Putnam Management and Putnam Retail Management are named as defendants in a
civil suit in which the plaintiffs allege that the management and
distribution fees paid by certain Putnam funds were excessive and seek
recovery under the Investment Company Act of 1940.  Putnam Management and
Putnam Retail Management have contested the plaintiffs claims and the matter
is currently pending in the U.S. District Court for the District of
Massachusetts.  Based on currently available information, Putnam Management
believes that this action is without merit and that it is unlikely to have a
material effect on Putnam Managements and Putnam Retail Managements ability
to provide services to their clients, including the fund.